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Tourism.


Where numbers are concerned, there is little but good news for the tourism industry, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  County's third largest source of employment.

With national economic trends on the upturn and with the growing prosperity of emerging markets across the Pacific, Los Angeles is increasingly becoming a place to visit again.

"The fact is, a lot of economies besides our own are growing, and this produces discretionary spending," said Saul Saul, first king of the ancient Hebrews. He was a Benjamite and anointed king by Samuel. Saul's territory was probably limited to the hill country of Judah and the region to the north, and his proximity to the Philistines brought him into constant conflict with them.  Leonard Leon·ard   , Ray Charles Known as "Sugar Ray." Born 1956.

American boxer who won the 1976 Olympic light welterweight title. He held five world titles as both a welterweight and middleweight between 1979 and 1987.

Noun 1.
, head of Saul F. Leonard Co. Inc., a Century City-based gaming and hospitality consultant. "And what do people want to do when they have money? They want to travel and see things."

Los Angeles, with its concentration of theme parks and Hollywood-related sites, is well situated geographically to attract visitors from places like South Korea Korea (kôrē`ə, kə–), Korean Hanguk or Choson, region and historic country (85,049 sq mi/220,277 sq km), E Asia. , Singapore and Taiwan.

That's why the year's ledgers show that flights into LAX are carrying more passengers, and hotel bookings are rising.

Places like Long Beach, Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries.  and Hollywood have each set up their own convention and visitors bureaus.

A business improvement district in Hollywood is charged with beautifying the notoriously no·to·ri·ous  
adj.
Known widely and usually unfavorably; infamous: a notorious gangster; a district notorious for vice.
 run-down run·down  
n.
1. A point-by-point summary.

2. Baseball A play in which a runner is trapped between bases and is pursued by fielders attempting to make the tag.

adj. also run-down
1.
a.
 Walk of Fame area, and Long Beach has gone so far as to promote the city in a London taxi cab.

Foreign tourists are driving the region's growth, because they tend to outspend out·spend  
tr.v. out·spent , out·spend·ing, out·spends
1. To spend beyond the limits of: outspends his earnings.

2.
 domestic visitors. In fact, the average tourist from Japan (the country leading the rise in visitors here) spends six times more than a domestic tourist on a trip to Los Angeles.

One of the few areas of worry is the dearth of new hotels under construction. If the tourism trends continue at their healthy pace, the turn of the century could see frustration among travelers looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 lodgings LODGINGS. Habitation in another's house, in which the owner dwells; the occupier being termed a lodger. .

Universal Studios Inc. is planning a major expansion to add five hotels with 2,500 rooms at its theme park in Universal City. The expansion would help meet future demand for hotel space and, at the same time, make Los Angeles more of a destination resort for domestic travelers - an area where Los Angeles County has lagged San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  and Orange counties.

Area homeowner groups are opposing such a massive expansion, however. This month, Los Angeles County Supervisor Zev Yaroslavsky Zev Yaroslavsky (born December 21, 1948) is a Los Angeles County politician. He served on the Los Angeles City Council from 1975 until 1994, when he was elected to the Los Angeles County Board of Supervisors. He was preceded in both offices by Edmund D. Edelman.  and Los Angeles City Council The Los Angeles City Council is the governing body of the City of Los Angeles, California, United States.  President John Ferraro John Ferraro (May 14 1924—April 17 2001) served as a Los Angeles City Councilman from 1966 until his death. Early life
Ferraro was born in the working class suburb of Cudahy, California, just south of Los Angeles.
 said they would insist that the number of hotel rooms be scaled back to 1,200 - less than half of what Universal wants.
Top 20 Visitor Attractions

Rank            Attraction

1               Universal Studios(*)
2               Disneyland(**)
3               Walk of Fame
4               Rodeo Drive
5               Venice Beach
6               Chinese Theatre
7               Sunset Boulevard
8               Santa Monica Beach/Pier
9               Knott's Berry Farm
10              Marina del Rey
11              Queen Mary
12              Star Homes
13              Magic Mountain
14              Will Rogers Beach
15              Old Town Pasadena
16              Farmer's Market
17              3rd Street Promenade
18              Griffith Park
19              Ports O' Call
20              Beverly Center

* Includes theme park, CityWalk, amphitheater and movie complex.

** Does not include overnight visitors in Orange County.

Source: Los Angeles Convention& Visitors Bureau.
Top 10 Domestic Sources of Visitors in L.A.

                             Visitors       Visitors
Country                          1995           1996

San Francisco/Bay Area      1,743,000      1,710,000
New York/Newark               945,000        910,000
Phoenix                       857,000        770,000
Chicago                       543,000        570,000
Seattle/Tacoma                535,000        570,000
Denver                        484,000        440,000
San Diego                     548,000        440,000
Dallas/Fort Worth             308,000        410,000
Portland/Salem                378,000        390,000
Sacramento/Stockton           330,000        360,000

Source: Los Angeles Convention & Visitors Bureau
Top 10 International Sources of Visitors in L.A.

               Visitors        Visitors
Country            1995           1996

Mexico        1,307,000      1,422,000
Japan           575,000        610,000
Canada          401,000        439,000
U.K.            389,000        407,000
Germany         332,000        334,000
S. Korea        220,000        226,000
Taiwan          210,000        231,000
Australia       168,000        168,000
France          141,000        160,000
Italy           109,000        111,000
Other         1,140,000      1,246,000

Total         4,992,000      5,354,000

Source: Los Angeles Convention & Visitors Bureau
L.A. Visitor Profile

Purpose of Visit

Leisure                               76%
Commercial:                           24%

Accommodations:

Hotel/Motel                           50%
Private Homes                         48%
Other                                  2%

Various Facts:

Rented a Car                          33%
Consulted a Travel Agent              51%
First-Time Visitors                   17%
Average Visitor Age            37.7 years
Average Household Income          $62,400
Length of Stay                   5.1 days
Average Party Size            2.1 percent

Source: Los Angeles Convention & Visitors Bureau
COPYRIGHT 1997 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:1997 Business Almanac; Los Angeles, CA
Author:Daniels, Wade
Publication:Los Angeles Business Journal
Date:Jun 23, 1997
Words:720
Previous Article:Small business. (Los Angeles, CA)(1997 Business Almanac)
Next Article:Trade. (Los Angeles, CA)(1997 Business Almanac)
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